Question : Government is setting up Multi Skill Training Institutes in country is an example of
Option 1: Revenue receipts
Option 2: Capital Receipts
Option 3: Revenue expenditure
Option 4: Capital Expenditure
Correct Answer: Capital Expenditure
Solution : The correct answer is (d) Capital Expenditure.
The government setting up Multi Skill Training Institutes in the country is an example of capital expenditure in the government budget.
Capital expenditure refers to the government's spending on assets and investments that have long-term benefits and contribute to the country's economic growth and development. It involves acquiring or creating assets such as infrastructure, buildings, equipment, and other capital goods.
In this case, the government's establishment of Multi Skill Training Institutes involves investing in the creation of educational infrastructure and facilities that provide skill development training to individuals. These institutes are aimed at enhancing the workforce's skills and capabilities, which can contribute to economic development and improve employment prospects.
